Market Outlook

Quote from GrandSupercycle:

SP500 intra day bearish warning (overbought atm)

SP500 emini short 1186.75

You called the first of the latest spike right, but since then it seems like you are tracking the futures. Are you delaying the postings from when the signals are determined?
 
Very mixed signals and lack of consensus. SP500 intra reverts to
bearish/neutral and it's possible the rally that started Oct 4 is
ending earlier than expected. (see DOW chart at blog)

SP500 emini short 1189.25
SP500 emini short 1186.75 [closed 1190.50]
 
Alcoa earnings after the bell.....

I do not think they will offer such a great report due to the price drop in aluminum these past couple of quarters. I dont think it makes a difference one way or the other since its not heavily weighted in the DOW 30 to begin with. Shares trading around $10!
 
What I meant is that, you have been bullish when the market is already up, and then bearish after the market is down (this is for the intraday). Today was a reversal call; and your recent reversal call was good.

I am asking are you posting these in realtime or is there a delay. Your blog doesn't have timestamps so it's not obvious when in a day you are coming up with your intraday thoughts.
 
Back
Top